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he has he has not met his targets he is not going to deal with the deficit as he said the road growth we grow and also there's going to be a huge cart made in benefits pavement to some of the poorest people in the conclave are going to suffer the most i was resolved to go. and there's no end to this will start now i want to talk to you about that because we saw that just one percent for the benefit of the welfare bill and that's less than inflation you know that's really going to hit a huge. number of books forty seven billion pounds. and we're talking about farmers is a really on the bread line anyway even losing ten twenty pounds is a big hit i mean it's a very cold outside and it's a very cold prospect for britain's poor because they are going to bear the brunt of the start of course by christmas by also doesn't know what he's doing thank you very much for joining us also say there's a lot of course the concern as he said them on picking through the thing is one thing cutting through all the waste and that's the case is going to have to pray so even talk. even more. well that with
he has he has not met his targets he is not going to deal with the deficit as he said the road growth we grow and also there's going to be a huge cart made in benefits pavement to some of the poorest people in the conclave are going to suffer the most i was resolved to go. and there's no end to this will start now i want to talk to you about that because we saw that just one percent for the benefit of the welfare bill and that's less than inflation you know that's really going to hit a huge....
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a deficit that was originally due to last five years is now due to last eight years and we now know that debts will be higher as a share of g.d.p. by the end of the parliament than it was at stopping that result of policies. by the kurdish government which. tightened policy to foster and that has resulted in lower growth and high authority he would claim of course this is a policy that was pursued by blair and brown and the previous labor government this is the legacy that they have left behind creating such a massive debt in the first place oh look of course it's true that there had to be some spending cuts they have to be done in balance measured way that doesn't. hurt the economy more than necessary and. the last thing that you should do in times of economic weakness is to comic spending at such a fast rate because when consumers aren't spending because that. column when business is the hoarding cash it's actually the government that has that has to spend to get growth going and if you don't have growth then you weren't reduce your definitely doing that george five billion pounds on b
a deficit that was originally due to last five years is now due to last eight years and we now know that debts will be higher as a share of g.d.p. by the end of the parliament than it was at stopping that result of policies. by the kurdish government which. tightened policy to foster and that has resulted in lower growth and high authority he would claim of course this is a policy that was pursued by blair and brown and the previous labor government this is the legacy that they have left behind...
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deficit yet we're still at work yes then we have counter-intuitive drone wars happening in yemen somalia pakistan and elsewhere and we're sending a two billion dollar space drone into orbit tomorrow for no publicly available reason by the end of the year our government will be more likely to cut out funding for food stamps welfare education social security medicare medicaid before they dare to willingly cut defense what does that say about this country's priorities. it was so there's a disconnect about what's officially reported what actually happened we can't accept the stuff that's handed down. to. you and some to see. destruction without seeing. what could be just ruins. say a great sacrifice. and. understood by human just such a remarkable reminder of courage and selflessness. beauty is a. rush for the sunlight. limitations. couldn't take three months for chargers three to make amends three. three stooges three. meeting the perfect time for. even. but the grandeur interrupted terrible news.
deficit yet we're still at work yes then we have counter-intuitive drone wars happening in yemen somalia pakistan and elsewhere and we're sending a two billion dollar space drone into orbit tomorrow for no publicly available reason by the end of the year our government will be more likely to cut out funding for food stamps welfare education social security medicare medicaid before they dare to willingly cut defense what does that say about this country's priorities. it was so there's a...
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Dec 5, 2012
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republicans lashing out at speaker boehner over his deficit reduction plan. are lawmakers really going to let us go over the cliff? and a gruesome photo sparking outrage. should "the new york post" have put up this picture of a man moments before he was crushed to death by a subway train. it with you on the cover. we're hearing from t
republicans lashing out at speaker boehner over his deficit reduction plan. are lawmakers really going to let us go over the cliff? and a gruesome photo sparking outrage. should "the new york post" have put up this picture of a man moments before he was crushed to death by a subway train. it with you on the cover. we're hearing from t
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Dec 4, 2012
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it is not part of the american deficit. it's an issue that over the years has come back before the american public. the congresses in the past have dealt with it, extended the viability of social security for years and years, and this congress does not need to deal with this problem this year or even next year, the 113th congress. down the road it must be dealt with and there are numerous ways it can be, but to bring social security into the deficit debate is only to cloud this debate and to make it far more difficult for us to find a solution. now, my democratic colleagues and i and the president have made it very clear, we understand the necessity of solving this problem. we are willing to compromise. and the president has put on the table a very complex, detailed program about how we can deal with the deficit, both in the short term and the years ahead. and we need to proceed with that, unfortunately it was just simply dismissed and a new, actually a rebaked, redone, rehashed proposal put on the table by our republican c
it is not part of the american deficit. it's an issue that over the years has come back before the american public. the congresses in the past have dealt with it, extended the viability of social security for years and years, and this congress does not need to deal with this problem this year or even next year, the 113th congress. down the road it must be dealt with and there are numerous ways it can be, but to bring social security into the deficit debate is only to cloud this debate and to...
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Dec 4, 2012
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so it calls for $2.2 trillion in deficit savings, this is over the next decade. including $800 billion from tax reforms. $600 billion from medicare reforms. and $600 billion in spending cuts. but the white house quickly said, no way, because the deal doesn't contain tax hikes for the wealthiest americans. brianna keilar live from washington this morning. and brianna, are we beyond political posturing to the point where we have reached a stalemate? >> there is a lot of posturing going on and there is an impasse, obviously. at this point you have the white house saying they're not going to discuss specifics on entitlement reform with house republicans until they capitulate on increasing the income tax rates for wealthy americans. so there is an impasse but there's a lot of posturing. the offer of the white house details of which came out last week, and now this counteroffer from house republicans out yesterday. so i think the policy prescriptions here are pretty clear on what has to be done, although both sides are very far apart. if you just listen to what's going
so it calls for $2.2 trillion in deficit savings, this is over the next decade. including $800 billion from tax reforms. $600 billion from medicare reforms. and $600 billion in spending cuts. but the white house quickly said, no way, because the deal doesn't contain tax hikes for the wealthiest americans. brianna keilar live from washington this morning. and brianna, are we beyond political posturing to the point where we have reached a stalemate? >> there is a lot of posturing going on...
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Dec 11, 2012
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so they are not contributing to the deficit problem. entitlements are a broad category, but one in which you have to separate out medicare, medicaid, and social security and see what is actually the problem. >> host: i don't want to get too far down that road because we believe -- we will be of a bar subject faugh i do want to talk about this idea of unforeseen conflicts that we might have. so if, for a sample, we were to get more involved militarily in syria, how much would that cost relative to overall budget for the pentagon? >> you know, it is hard sometimes to calculate this because you're paying on a steady basis for the number of soldiers, airplanes, ships, and the like. the costs come in the war costs related to the plane, so you are now getting additional pay and benefits to the additional operations of systems through the expenditure of munitions, but we can look at the contingency spending for iraq and afghanistan their reach that height, close to $200 billion, well over 100 billion annually because we were deploying large nu
so they are not contributing to the deficit problem. entitlements are a broad category, but one in which you have to separate out medicare, medicaid, and social security and see what is actually the problem. >> host: i don't want to get too far down that road because we believe -- we will be of a bar subject faugh i do want to talk about this idea of unforeseen conflicts that we might have. so if, for a sample, we were to get more involved militarily in syria, how much would that cost...
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Dec 9, 2012
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we say don't reduce the deficit now this fast. that is what the fiscal cliff is all about and that's why ben bernanke cannot put the phrase. guest: as exactly right, we have two very different problems. the only reason we're talking about the second issue is politics. this is the politics of the moment tromping economic common sense which is a dangerous combination. guest: the fiscal solution is a fig leaf to allow members of congress to say we're going to spend so the spending cuts and tax increases and let the deficit be $500 billion higher. host: the debt is at $16.30 trillion and has increased $4 trillion over the last four years. the present and congress will say that over the next 10 years, we will get it back to where was in 2009, correct? guest: that is fundamentally not good enough. countries with our level of indebtedness grow more slowly and they have a higher chance of some sort of fiscal crisis. we should not mess with either one of those things. i would like to see an aggressive reform of the spending programs. let's
we say don't reduce the deficit now this fast. that is what the fiscal cliff is all about and that's why ben bernanke cannot put the phrase. guest: as exactly right, we have two very different problems. the only reason we're talking about the second issue is politics. this is the politics of the moment tromping economic common sense which is a dangerous combination. guest: the fiscal solution is a fig leaf to allow members of congress to say we're going to spend so the spending cuts and tax...
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look back historically, judy, those are the points in time when you're able to deal with some of the deficit issues -- and by the way, government is only funded through march, anyway. so regardless of the debt ceiling, there's still the issue of the fact that we have-- we have only funded government through march. there are two points, the funding of government and the debt ceiling and i would agree with you, that it's unfortunate that a 11 reg point like that has to be used. we should sit down to solve the problem. but the it's the only thing thus far that produced results -- we got the budget control act last time-- to really take our nation towards solvency. i would agree with you. i wish we could sit down and self-solve it. i think there is a majority in the hous house and senate that t to do that, but the only two negotiators that matter right now are the president and speaker boehner. and as i mentioned before-- again, i understand there are two sides of this tale-- the president is really not yet offering the kind of reforms that would make these programs solvent for the long haul so
look back historically, judy, those are the points in time when you're able to deal with some of the deficit issues -- and by the way, government is only funded through march, anyway. so regardless of the debt ceiling, there's still the issue of the fact that we have-- we have only funded government through march. there are two points, the funding of government and the debt ceiling and i would agree with you, that it's unfortunate that a 11 reg point like that has to be used. we should sit down...
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as it stand today, ow deficit and debt are unsustainable. last year we ran a budget deficit of well over $1 trillion and we now have a national debt that exceeds $16 trillion. if we don't get these numbers under control, interesting payments will inevitably skyrocket, taking up a larger and larger percentage of our budget, until they crowd out other critical pro-growth investments in our country's competitiveness and the essential social safety net that puts a circle of protection around the most vulnerable in our country. and, madam president, i don't believe either one of us wants to put those two vital things at risk venal whe. when the budget is so out of rick, we have to take a look at the money coming in and going out of the only way to get back on track is to address both sides of the equation -- revenue and spending. we have to find a balanced solution that combines tough spending cuts with reforms to our tax code that bring in more revenue while also ensuring fairness to taxpayers. there is, madam president, real momentum, i believe
as it stand today, ow deficit and debt are unsustainable. last year we ran a budget deficit of well over $1 trillion and we now have a national debt that exceeds $16 trillion. if we don't get these numbers under control, interesting payments will inevitably skyrocket, taking up a larger and larger percentage of our budget, until they crowd out other critical pro-growth investments in our country's competitiveness and the essential social safety net that puts a circle of protection around the...
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Dec 8, 2012
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president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as as the eye can see. listen. washington has got a spending problem, not a revenue problem. >> and with the debt at $16 trillion and counting, boehner says the government cannot tax its way out oof this problem, shep. >> that's the fiscal cliff. now hurricane sandy and congress came up with some relief for folks who are still suffering, mike. >> that's right. president obama has asked congress for $64 billion in federal aid for new york, new jersey, and other states hammered by super storm sandy it would provide financial assistance to homeowners, businesses and local and state governments faced with the huge chore of cleaning up and rebuilding after the late october devastating storm. most new york and new jersey officials for the most part praised the request and asked congress to take quick action. speaker boehner's office says it has the paperwork and aides are reviewing it shep? >> shepard: good news. mike, turns out the super storm didn't effect the job market as muc
president got the tax rate hike that he wanted, understand that we would continue to see trillion-dollar deficits for as far as as the eye can see. listen. washington has got a spending problem, not a revenue problem. >> and with the debt at $16 trillion and counting, boehner says the government cannot tax its way out oof this problem, shep. >> that's the fiscal cliff. now hurricane sandy and congress came up with some relief for folks who are still suffering, mike. >> that's...
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don't think we have a president that is serious about getting our debt under control and getting our deficit, which the federal government spending under control, especially when you understand that we have fha in trouble, we have the post office in trouble, we continue to get closer to this incredible fiscal cliff. and i think that the president should take a case study analysis and look at what president calvin coolidge did and president jfk did, john f. kennedy did when they went in and lowered tax rates and you increase revenues which is exactly what we're talking about. >> were you-- did you feel like it was a bait and switch from president obama from what you'd heard about in the campaign and light on the details, but that's one of the things i've heard from members of congress that they thought, wait a second, that's not at all what you thought was going to happen. >> yeah, you're absolutely right. what you see happening right now, dana, is really the art of politics, versus the science of good policy and i think we need to move away from campaign mode and we need to do the things tha
don't think we have a president that is serious about getting our debt under control and getting our deficit, which the federal government spending under control, especially when you understand that we have fha in trouble, we have the post office in trouble, we continue to get closer to this incredible fiscal cliff. and i think that the president should take a case study analysis and look at what president calvin coolidge did and president jfk did, john f. kennedy did when they went in and...
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. >> deficit gabor supplies is expected to make its final decision on the to dry banyan on nudity. plenty of people will be on hand today as a surprise meeting. and many will oppose the ban, a plan to strip down the meeting. it would not be the first time. last month the board initially approved the ban on nude with a narrow 65 vote. several people took off their clothes and protests. if the ban is finalized, it would take effect on february 1st. i was start on that-that at one under dollars and go up with each additional fence. >> this is a live picture of where the munies' in line goes on the ground. commuters please take note this morning we will be right back. bareback with national news at 4:25 a.m.. the proposal was rejected by the white house. it would reportedly shave one and two trillion out on the deficit over the next decade the proposal includes cuts from programs like medicare and pulsating star tax reform. in a statement white house official said the plan is a fair and balanced as the middle class with the bill. president obama has said any deal must raise taxes on th
. >> deficit gabor supplies is expected to make its final decision on the to dry banyan on nudity. plenty of people will be on hand today as a surprise meeting. and many will oppose the ban, a plan to strip down the meeting. it would not be the first time. last month the board initially approved the ban on nude with a narrow 65 vote. several people took off their clothes and protests. if the ban is finalized, it would take effect on february 1st. i was start on that-that at one under...
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well, we're all going to put our heads in the sand and say that entitlement are not the drivers of the deficit. >> you don't think he put enough detail on the entitlements? >> no. >> we'll ask him that when he comes back. our question of the day is how many current senators are named john? any spelling of the name counts. the answer is 12. isakson, kyl, boozman, mccain, tester, thune, reed, and rockefeller. that's not counting the two senators whose last name is johnson. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pacs fight film buildup two times better than finish quantum. to help leave glasses sparkling shiny! too bad it doesn't work on windows. okay, i'm outta here. cascade. the clear choice. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forg
well, we're all going to put our heads in the sand and say that entitlement are not the drivers of the deficit. >> you don't think he put enough detail on the entitlements? >> no. >> we'll ask him that when he comes back. our question of the day is how many current senators are named john? any spelling of the name counts. the answer is 12. isakson, kyl, boozman, mccain, tester, thune, reed, and rockefeller. that's not counting the two senators whose last name is johnson. you...
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government finances huge deficit maxon stacy a haitian discuss the so-called hollywood accountant schemes the policy even more pressure on the economy here's a quick preview of the full kaiser report coming up later today. burgeoning as. that these are monies that are for pensions for police nurses you know hospital workers farman and this money that is taken out of their paycheck every week is put into these retirement funds and then the state intercedes they collateralized those funds back a bond which i'm sure the rating agencies moody's picture s. and p. of course i'm sure they gave a good rating and then the hollywood people came in and stole that money and then those people lose their pension accounts and you know one of the things in america that's really one of the greatest tragedies is how the firemen the policemen the workers the teachers the people who actually work for a living not steal money like on wall street are basically financially raped every single day by these people so. drug companies invest huge sums into creating new kinds of medicine to tackle the world's deadlie
government finances huge deficit maxon stacy a haitian discuss the so-called hollywood accountant schemes the policy even more pressure on the economy here's a quick preview of the full kaiser report coming up later today. burgeoning as. that these are monies that are for pensions for police nurses you know hospital workers farman and this money that is taken out of their paycheck every week is put into these retirement funds and then the state intercedes they collateralized those funds back a...
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Dec 10, 2012
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we say don't reduce the deficit now this fast. that is what the fiscal cliff is all about and that's why ben bernanke cannot put the phrase. guest: as exactly right, we have two very different problems. the only reason we're talking about the second issue is politics. this is the politics of the moment tromping economic common sense which is a dangerous combination. guest: the fiscal solution is a fig leaf to allow members of congress to say we're going to spend so the spending cuts and tax increases and let the deficit be $500 billion higher. host: the debt is at $16.30 trillion and has increased $4 trillion over the last four years. the present and congress will say that over the next 10 years, we will get it back to where was in 2009, correct? guest: that is fundamentally not good enough. countries with our level of indebtedness grow more slowly and they have a higher chance of some sort of fiscal crisis. we should not mess with either one of those things. i would like to see an aggressive reform of the spending programs. with
we say don't reduce the deficit now this fast. that is what the fiscal cliff is all about and that's why ben bernanke cannot put the phrase. guest: as exactly right, we have two very different problems. the only reason we're talking about the second issue is politics. this is the politics of the moment tromping economic common sense which is a dangerous combination. guest: the fiscal solution is a fig leaf to allow members of congress to say we're going to spend so the spending cuts and tax...
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he does not want to address the deficit. he should be calling for tax rate increases across the board and the elimination of many of the deductions that currently deprive the treasury of quite a bit of revenue. there is a lot of talk about how raising the tax rate for the top tier of newcomers will bring in -- income earners wil bring in like de dollars billion per year. at the same time -- in like $80 billion. the losses from the mortgage rate deduction is on the order of $100 billion per year. i believe president obama really wants to spend more money. spending is so important that he has to call for shared sacrifice across the board rather than targeting a very small portion of the population and asking them to pay all the bills for the programs that he wants to spend on. host: do you agree with the grover norquist tax pledge to not raise taxes? caller: in service of the tax rates? yes, i do. i am also left scratching my head because i believe when the bush tax cuts were put into effect that many democrats oppose those as
he does not want to address the deficit. he should be calling for tax rate increases across the board and the elimination of many of the deductions that currently deprive the treasury of quite a bit of revenue. there is a lot of talk about how raising the tax rate for the top tier of newcomers will bring in -- income earners wil bring in like de dollars billion per year. at the same time -- in like $80 billion. the losses from the mortgage rate deduction is on the order of $100 billion per...
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they're not contributing to the deficit problem. entitlements are a broad category, but one in which you have to separate out medicare, medicaid, and social security and say what is actually the problem. host: i do not want to go too far down the road because we will be of of our subjects. -- off of our subject. i do want to talk about this idea of unforeseen conflicts that we might have, dan goure. if for example we were to get involved militarily in syria, how much does that cost relative to the overall budget for the pentagon? guest: it is hard sometimes, because you're paying a steady basis for the number of soldiers, airplanes, ships, and the like. the costs come into court costs related to deployment. -- core costs related to deployment. we can look at the contingency spending for iraq and afghanistan it reached a height of well over $100 billion annually. that was because we were deploying a large number of forces on a continual basis halfway around the world. if you're talking but a smaller diplomat for a shorter period of t
they're not contributing to the deficit problem. entitlements are a broad category, but one in which you have to separate out medicare, medicaid, and social security and say what is actually the problem. host: i do not want to go too far down the road because we will be of of our subjects. -- off of our subject. i do want to talk about this idea of unforeseen conflicts that we might have, dan goure. if for example we were to get involved militarily in syria, how much does that cost relative to...
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grapples with massive debts and deficits current budget reductions will do little to reduce military firepower. or cut prices defense contracts. in los angeles ramon the lindo party. and now to a story of innovation under pressure weapons research a man not schroeder discovered via a freedom of information act request during a war in iraq and iraq in. surgeons found novel ways to make old weapons like new these photos show troops in iraq playing around with some do it yourself rocket launchers including one that uses a person's head as the launching pad shorter believe the photo is from two thousand and nine an improvised rocket launchers used parts from russian made rockets taken from saddam era stockpiles iraqi militants are the only ones playing with playing macgyver with any weapons they can get their hands on arms specialists have seen similar ingenuity coming from libya in syria and there's more news from syria today the federal register including the syrian rebel group jots all nusra on its list of terrorist organizations the state department said the job at all nusra has ties
grapples with massive debts and deficits current budget reductions will do little to reduce military firepower. or cut prices defense contracts. in los angeles ramon the lindo party. and now to a story of innovation under pressure weapons research a man not schroeder discovered via a freedom of information act request during a war in iraq and iraq in. surgeons found novel ways to make old weapons like new these photos show troops in iraq playing around with some do it yourself rocket launchers...
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when i see a full deck of cards, that includes those participating in deficit reduction. it must be used over time and they can make very significant changes in the budget and do it in a way that does not damage our security. doing it abruptly as the fiscal cliff does, or any timeframe, it is not only inefficient, i think it endangers our security and our wrists. my final point is that missing element is primarily political will and i say that in regard to both political parties and the solution. the solution has to be forthcoming in the weeks ahead in the months ahead require our leaders and put our nation first. that has to be the primary focus of our political leadership. to put the interest of our country first. thank you for your leadership, thank you as well mike mullen. it is also a great privilege to be here with john warren and mr. isaac skelton. ,. >> thank you. thank you for putting this effort together. we thank admiral mike mullen, whose efforts have been outstanding for this effort. the late barbara -- barbara tuchman wrote a book entitled "march of folly."
when i see a full deck of cards, that includes those participating in deficit reduction. it must be used over time and they can make very significant changes in the budget and do it in a way that does not damage our security. doing it abruptly as the fiscal cliff does, or any timeframe, it is not only inefficient, i think it endangers our security and our wrists. my final point is that missing element is primarily political will and i say that in regard to both political parties and the...
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he has failed he has not met his targets he's not going to do with the deficit he said the road growth will grow and also there's going to be a huge car made in benefits pavement to some of the poorest people because we are going to suffer the most. and there's no end to this will start now when it's talked about that because we saw that just one percent for the benefit of the welfare bill and that's less than inflation you know that's really going to hit a huge no. book forty seven billion pounds so it will be cut from the benefits bill and we're talking about farmers are really on the bread line anyway even losing twenty pounds is a big hit i mean it's a very cold side and it's very cold prospects for britain's poor because they are going to bear the brunt of the austerity caused by christmas by because of all school doesn't know what he's doing thank you very much for joining us also say there's a lot of course the concern as you said there on picking saying the thing is one thing cutting through all those statistics and that's. going to be said to have to replace it so that even to
he has failed he has not met his targets he's not going to do with the deficit he said the road growth will grow and also there's going to be a huge car made in benefits pavement to some of the poorest people because we are going to suffer the most. and there's no end to this will start now when it's talked about that because we saw that just one percent for the benefit of the welfare bill and that's less than inflation you know that's really going to hit a huge no. book forty seven billion...
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or is it about lessening the deficit? because it doesn't really do a whole lot for the debt or deficit over ten years. >> well, it's about fairness, but it's also about what are the better options? given that the wealthy are really skating by these days. and so how do you collect more revenue from them? and all the various ideas about, well, you cap this deduction, and cap that deduction. there are not only political constituencies that will fight tooth and claw on every deducti deduction, there are some reasons, fairly good reasons why you would want to think twice. you know, are you going to go after home mortgage deduction at a time when the housing industry is trying to get its feet? are you going to go after the exemption on taxation for health insurance? i mean, that's the biggest one, actually. that's like $250 billion a year. but i don't think anybody wants to dive back into that at this point. so, you know, how else are you going to do it? >> arianna, can i just say that -- and this is -- i guess i've been articu
or is it about lessening the deficit? because it doesn't really do a whole lot for the debt or deficit over ten years. >> well, it's about fairness, but it's also about what are the better options? given that the wealthy are really skating by these days. and so how do you collect more revenue from them? and all the various ideas about, well, you cap this deduction, and cap that deduction. there are not only political constituencies that will fight tooth and claw on every deducti...
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he has failed he has not met his targets he's not going to deal with the deficit as he said the road growth will grow and also there's going to be a huge car made in benefits pavement to some of the poorest people because we are going to suffer the most i was resolved to do so and there's no end to this all started something i want to talk to about that because we saw that just one percent for the benefit of the welfare bill and that's less than inflation here that's really going to hit a huge number of books forty seven billion pounds so it will be caught from the benefits bill and we're talking about farmers are really on the bread line anyway even losing ten twenty pounds a week i mean it's a very cold outside and it's a very cold prospects for britain's paul the coup. they are going to bear the brunt of the austerity course by britain's why is the whole school doesn't know what he's doing thank you very much for telling us that also say there's a lot of cause for concern has he said and i'm picking through the thing is that one thing cutting through all the way statistics and tha
he has failed he has not met his targets he's not going to deal with the deficit as he said the road growth will grow and also there's going to be a huge car made in benefits pavement to some of the poorest people because we are going to suffer the most i was resolved to do so and there's no end to this all started something i want to talk to about that because we saw that just one percent for the benefit of the welfare bill and that's less than inflation here that's really going to hit a huge...
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every target of themselves he has failed he has not met his targets he's not going to deal with the deficit as he said the road growth will grow and also there's going to be a huge cart made in benefits pavement to some of the poorest people because we are going to suffer the most i was resolved to go for it and those who are into this will start to get some now when it's talked about because we saw that just one percent for the benefit of the welfare bill and that's less than inflation you know that's really going to hit a huge you know. it's about forty seven billion pounds from the benefits bill and we're talking about farmers is a really on the bread line anyway even losing ten twenty pounds is a big i mean it's a very cold day outside and it's a very cold prospect for britain's poor because they are going to bear the brunt of the austerity caused by britain by also doesn't know what he's doing thank you very much for joining us also say there's a lot of course the concern is he said i won't take anything the thing is the one thing i think through all of. us the ek is going to be said t
every target of themselves he has failed he has not met his targets he's not going to deal with the deficit as he said the road growth will grow and also there's going to be a huge cart made in benefits pavement to some of the poorest people because we are going to suffer the most i was resolved to go for it and those who are into this will start to get some now when it's talked about because we saw that just one percent for the benefit of the welfare bill and that's less than inflation you...
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he has he has not met his targets he is not going to do with the deficit he said the road growth will grow and also there's going to be a huge car made in benefits pavement to some of the poorest people because we are going to suffer the most i was resolved to go for it and there's no end to the force don't know what it's because we saw that just one percent for the benefit of the welfare bill and that's less than inflation you know that's really going to hit a huge new. it's about forty seven billion pounds from the benefits we're talking about this is a movie on the bread line anyway even losing ten twenty pounds a week is a big hit i mean it's a very cold day outside and it's a very cold prospect for britain's pool because they are going to the ground to be starved to see cool spot christmas by the old school doesn't know what he's doing thank you very much for joining us also say there's a cause for concern he said i'm going picking through the thing is one thing cutting through all the waste and that's the case is going to be set to have to place it so even tough because even all
he has he has not met his targets he is not going to do with the deficit he said the road growth will grow and also there's going to be a huge car made in benefits pavement to some of the poorest people because we are going to suffer the most i was resolved to go for it and there's no end to the force don't know what it's because we saw that just one percent for the benefit of the welfare bill and that's less than inflation you know that's really going to hit a huge new. it's about forty seven...
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he has failed he has not met his targets he's not going to deal with the deficit he said the road growth will grow. and also there's going to be a huge car made in benefits pavement to some of the poorest people in the country are going to suffer. as a result of this and there's no end to this all started from now on it's. just one percent for the benefit of the world and that's less than inflation you know that's really going to hit a huge number of. forty seven billion pounds from the benefits we're talking about farmers are really on the bread line anyway even losing twenty pounds a week is a big hit i mean it's a very cold day outside and it's a very cold prospects for britain's poor because they are going to the brunt of the austerity caused by britons by because of all school doesn't know what he's doing thank you very much for joining us also say there is a lot of cause for concern as he said there were impatience in the thing is one thing cutting through all those statistics and that's the way it is going to be said to have to brace itself they even took us in the future even mor
he has failed he has not met his targets he's not going to deal with the deficit he said the road growth will grow. and also there's going to be a huge car made in benefits pavement to some of the poorest people in the country are going to suffer. as a result of this and there's no end to this all started from now on it's. just one percent for the benefit of the world and that's less than inflation you know that's really going to hit a huge number of. forty seven billion pounds from the...
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there was plenty of that throughout the interview but do these twenty four seven deficit debates do you want to undermine perceptions of america and the dollars position in the international monetary system then they do to address the nation's growing debt real discuss uncle sam exorbitant privilege despite the budget woes and assess the competitive currency landscape plus the dollar fell against other currencies to a six week low this morning according to reuters which cited concerns over a fiscal cliff deal but what does the so-called dollar index really gauge when it comes to the greenbacks true value will break it down and word of the day and paying people to track the comings and goings of private corporate jets and the big wigs on them amount to this. material nonpublic information which is defined as the information that the average investor doesn't have the capability of an insider trading case pretty damn. there is a debate we'll talk about it and loose change let's get to today's capital account . while a fiscal cliff debate seems to consume the domestic airwaves it also rever
there was plenty of that throughout the interview but do these twenty four seven deficit debates do you want to undermine perceptions of america and the dollars position in the international monetary system then they do to address the nation's growing debt real discuss uncle sam exorbitant privilege despite the budget woes and assess the competitive currency landscape plus the dollar fell against other currencies to a six week low this morning according to reuters which cited concerns over a...
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Dec 7, 2012
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the deficit that would have fallen. still bad, but remarkably better than where we find ourselves today. republicans stand ready to work with president obama for a balanced and bipartisan solution. so far, no evidence of that. let's create a long-term solution that does not burden individuals and gives businesses optimism to go forward and invest in the american economy. then the economy can grow for all citizens. i look forward to the testimony of our witnesses. >> thank you. i will introduce our two witnesses. dr. zandi is the chief economist at moody's analytics. he looks at macro racquets and public policy. he is the influential source of policymakers and businesses and journalists. recently he published a report assessing the challenges of approaching the fiscal cliff and the most effective way to achieve long-term, fiscal stability. he received his phd from the university of pennsylvania. that will be a recurring theme in these introductions. [laughter] dr. zandi, thank you for being here. dr. hassett is the direc
the deficit that would have fallen. still bad, but remarkably better than where we find ourselves today. republicans stand ready to work with president obama for a balanced and bipartisan solution. so far, no evidence of that. let's create a long-term solution that does not burden individuals and gives businesses optimism to go forward and invest in the american economy. then the economy can grow for all citizens. i look forward to the testimony of our witnesses. >> thank you. i will...
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prophecy every target of themselves he has failed he has not met his targets he's not going to do with the deficit as he said the road growth. growth and also there's going to be a huge cart made in benefits pavement to some of the poorest people in the country are going to suffer the most i was resolved to go to and there's no end to this will start to get some and i want to talk to you about that because we saw that just one percent for the benefit of the welfare bill and that's less than inflation you know that's really going to hit a huge. number of book forty seven billion pounds so it will be cut from the benefits bill and we're talking about farmers is a really on the bread line anyway even losing ten twenty pounds a week is a big hit i mean it's a very cold side and it's very cold prospects for britain's poor because they are going to bear the brunt of the sturdy caused by britain's bikers and also doesn't know what he's do when you listen to the rhetoric that when he was speaking about the welfare bill you obviously you know it is quite strong language he's talking about fairness but then
prophecy every target of themselves he has failed he has not met his targets he's not going to do with the deficit as he said the road growth. growth and also there's going to be a huge cart made in benefits pavement to some of the poorest people in the country are going to suffer the most i was resolved to go to and there's no end to this will start to get some and i want to talk to you about that because we saw that just one percent for the benefit of the welfare bill and that's less than...
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president proposing for tackling the real economic challenge we have here, the real driver of budget deficits, the real threat to american economics, superiority in this world, out of control-- the president of the united states, the president for four yea years, no credible plan for tackling that spending. >> dave: there's been nothing put on paper when it comes to entitlements from the president one thing he's been afraid to do. now he's been reelected don't be afraid to face the voters. tack tackle entitlement and changes to survive. >> alisyn: isn't that the beauty of the second term. incumbency you're no longer bo ho holden to anyone. >> and that 1.6 trillion dollar. before 800 billion and now it's 1.6 trillion. maybe that's the second term speaking. >> alisyn: let's talk about what's going on with the christmas tree. as you know, it's christmas season and that means that there will be incidents where the p.c. police are out in force, checking and calling your tree, a holiday tree or a christmas tree and this has. this is brewing in massachusetts because the mayor of a small town, well,
president proposing for tackling the real economic challenge we have here, the real driver of budget deficits, the real threat to american economics, superiority in this world, out of control-- the president of the united states, the president for four yea years, no credible plan for tackling that spending. >> dave: there's been nothing put on paper when it comes to entitlements from the president one thing he's been afraid to do. now he's been reelected don't be afraid to face the...
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Dec 5, 2012
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of the negotiations with congressional republicans over the bush tax cuts and the stimulus and the deficit. this president seems to have a thick skin if letting bygones be bygones does not come naturally to him as a man, he is doing a convincing job as a president. getting the business community to be message multipliers and supporters of his on basic economic issues. it makes sense. what about accountability? and here's what i mean. the big business guys who really, really really wanted president mitt romney. they spent through the roof to
of the negotiations with congressional republicans over the bush tax cuts and the stimulus and the deficit. this president seems to have a thick skin if letting bygones be bygones does not come naturally to him as a man, he is doing a convincing job as a president. getting the business community to be message multipliers and supporters of his on basic economic issues. it makes sense. what about accountability? and here's what i mean. the big business guys who really, really really wanted...
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every target of themselves he has failed he has not met his targets he's not going to deal with the deficit. growth we grow and also there's going to be a huge cart made in benefits pavement to some of the poorest people in the country are going to suffer the most as a result of it and there's no end to this austerity and some now when it's. just one percent and then the well that's less than inflation here that's really going to hit a huge number of books forty seven billion pounds so it will be cut from the benefits we're talking about farmers is a really on the bread line anyway even losing ten twenty pounds is a big i mean it's a very cold day outside and it's very cold prospects for britain's poor because they are going to bear the brunt of the start caused by christmas by the whole school doesn't know what he's doing thank you very much for joining us also say there is a cause for concern he said i won't pay anything the thing is one thing cutting through all the waste and that's. going to be said to have to replace it so even talk of even more starting the greek prime minister is on
every target of themselves he has failed he has not met his targets he's not going to deal with the deficit. growth we grow and also there's going to be a huge cart made in benefits pavement to some of the poorest people in the country are going to suffer the most as a result of it and there's no end to this austerity and some now when it's. just one percent and then the well that's less than inflation here that's really going to hit a huge number of books forty seven billion pounds so it will...
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Dec 5, 2012
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. >> howard dean is a deficit hawk. liberal, but he is a deficit hawk. he doesn't say maybe if we can't get a deal together, maybe we'd be okay with the fiscal cliff. he says that is the best deal for everyone, the best deal for progressives, just to do it. to go back to the clinton era rates. you get rid of three quarters of the deficit just on tax increases at that point. >> and he says you get defense cuts. >> you can't get defense cuts any other way. and he's not the only one. there's a lot of people on the left and there's quite a few people on the right. i'm glad you're optimistic and a lot of ceos and guys in your position -- if you run a company, you don't need consumers petrified and business people petrified. this is the last thing we need if you run a company. i understand you have a horse in the game. >> but you also have the double trigger. if you go over the cliff, we've got the debt ceiling fight right afterwards. it's not like that's six months down the line. that's in if first month, six weeks of the new year. >> the other thing, dependi
. >> howard dean is a deficit hawk. liberal, but he is a deficit hawk. he doesn't say maybe if we can't get a deal together, maybe we'd be okay with the fiscal cliff. he says that is the best deal for everyone, the best deal for progressives, just to do it. to go back to the clinton era rates. you get rid of three quarters of the deficit just on tax increases at that point. >> and he says you get defense cuts. >> you can't get defense cuts any other way. and he's not the only...
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he has failed he has not met his targets he's not going to deal with the deficit as he said the road growth. and also there's going to be a huge car made in benefits pavement to some of the poorest people in the country are going to suffer. as a result of this. and there's no end to this austerity and some i wanted to tell about that we saw just one percent for the benefit of the well that's less than inflation here that's really going to hit a huge number of books forty seven billion pounds so it will be cut from the benefits we're talking about from this is a really on the breadline anyway even losing ten twenty pounds a week. i mean it's a very cold day outside and it's a very cold prospects for britain's pool because they are going to bear the brunt of the starting course by christmas by this is all school doesn't know what he's doing thank you very much for joining us also say there's a lot of course the concern is he said i'm going picking through the thing is one thing cutting through all the states and that's the way it's going to be set i have to place it so they even talk u
he has failed he has not met his targets he's not going to deal with the deficit as he said the road growth. and also there's going to be a huge car made in benefits pavement to some of the poorest people in the country are going to suffer. as a result of this. and there's no end to this austerity and some i wanted to tell about that we saw just one percent for the benefit of the well that's less than inflation here that's really going to hit a huge number of books forty seven billion pounds so...
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Dec 9, 2012
12/12
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they should be talking about going over the cliff and the deficit and the debt with the president who shows no inclination, by the bay to cut anything. >> and we have also made this about grover norquist. if i hear about him one more time. this is absolutely ridiculous. >> peter king's wife better not meet grover norquist because we know what she is going to do. doug, it seems that both sides are kind of, you know, saying well, i will blame the other side, i will blame the other side. the republicans can't each get togetherlame the other side. they just think we are going to figure this thing out. >> here is the real problem. neither side is doing what was done in the mid 90's when president clinton and newt gingrich got together which is putting politics second, the country first and bargaining. all this kabuki play of a pluck relations fight is frankly insulting to the american people and destructive. >> you know why? i mean, this was a billion-dollar race. there is money on the line and now it's become so political that i don't even think we can. >> the point is we have lost that s
they should be talking about going over the cliff and the deficit and the debt with the president who shows no inclination, by the bay to cut anything. >> and we have also made this about grover norquist. if i hear about him one more time. this is absolutely ridiculous. >> peter king's wife better not meet grover norquist because we know what she is going to do. doug, it seems that both sides are kind of, you know, saying well, i will blame the other side, i will blame the other...
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maybe say that were not going to fund more say they should pay down the deficit. i know hollywood happens to be in california. this is not a kevin costner movie. if we build it, i don't know if they will come. that's not it with the taxpayers money. it's right at this hearingfrom the best way scrutinize. before we move forward on anything, the legislative peer review at the same questions of the business plan. we should even ask more because it wasn't their money. it's the taxpayers money and were responsible for investing. i yield back. >> i thank the gentleman. i'm pleased to recognize this hahn, generally from california. >> thank you. good morning, mr. chairman, members of the committee. thank you for allowing me to participate in this hearing today. i've only been in congress about a year and a half, but my whole life i've been deeply involved in transportation issues, particularly in my capacity in the los angeles city council for 10 years. so my dad who was in l.a. county supervisor for 40 years in l.a. county took my brother and i to the world fair to the
maybe say that were not going to fund more say they should pay down the deficit. i know hollywood happens to be in california. this is not a kevin costner movie. if we build it, i don't know if they will come. that's not it with the taxpayers money. it's right at this hearingfrom the best way scrutinize. before we move forward on anything, the legislative peer review at the same questions of the business plan. we should even ask more because it wasn't their money. it's the taxpayers money and...
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Dec 6, 2012
12/12
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the fact is that social security doesn't add one penny to the deficit or the debt. let's get the facts straight on this. we've been looking at these entitlements, scrutinizing them. we've had bipartisan changes to social security to make it sustainable. we can do that again. don't blame social security and medicare for our problems. i would say a major part of the problem is health care expenses, and i think the affordable health care bill attacked that issue particularly. if we don't lower health care costs, we are not going to get the budget in balance regardless of what we do. >> we have below you daishg you can't see it. a new poll was taken. a majority didn't want to see cuts in medicaid and didn't want the eligibility age increase for medicare. >> you're absolutely right. you put more burden on the states. right now the states are struggling to keep their head above water as it is. if you put that burden on the states, then they are going to move accordingly to the towns and their taxpayers in that particular state. in my state of new jersey, we pay an exorbit
the fact is that social security doesn't add one penny to the deficit or the debt. let's get the facts straight on this. we've been looking at these entitlements, scrutinizing them. we've had bipartisan changes to social security to make it sustainable. we can do that again. don't blame social security and medicare for our problems. i would say a major part of the problem is health care expenses, and i think the affordable health care bill attacked that issue particularly. if we don't lower...
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Dec 5, 2012
12/12
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so if it's wasteful spending or spending just to aggravate the deficit situation. and that's from the -- you know, the perspective that we come. fix the problem. if the obsession is to raise taxes, you know, we don't -- you know we don't agree with that. but fix the problem so if you're asking for somebody to give more of their money into washington, at least be able to tell them that we are going to manage down the debt. that's what we're about here. which is why the focus on spending and how we have to ratchet down the spending in this town. and that's where we've heard no specifics or willingness on the part of the president to engage in discussions about specifics on spending. as far as the math is concerned, again, it was a very different president in the summer of 2011 when he said $1.2 trillion in additional revenues could be accomplished without hiking tax rates. that's what he said. so, again, all of a sudden that math doesn't work but it worked for 1.2 before. regardless, we sort of understand now, at least this round, where everyone is on taxes. let's ge
so if it's wasteful spending or spending just to aggravate the deficit situation. and that's from the -- you know, the perspective that we come. fix the problem. if the obsession is to raise taxes, you know, we don't -- you know we don't agree with that. but fix the problem so if you're asking for somebody to give more of their money into washington, at least be able to tell them that we are going to manage down the debt. that's what we're about here. which is why the focus on spending and how...